FOR SALE
$725,000 - $745,000

113 Commercial Road
Koroit VIC 3282

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 158m2
Land area: 1197m2
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Rare Development Location

Gleeson Real Estate are pleased to offer 113 Commercial Road, Koroit for Sale by Expression of interest.
Koroit has always been on the map, but as the popularity of the town is building and the demand for property increasing, the purchase of this property will be a wise investment.
On offer is a 1965-built 4-bedroom, 1-bathroom house on a huge 1197m2 lot.
Zoned Commercial 1, the purpose of this zone is to create vibrant mixed use commercial centres for retail, office, business, entertainment and community uses; and/or to provide for residential uses at densities complementary to the role and scale of the commercial centre.
The flexibility of this zoning allows you to keep as a rental property and maintain as an investment, or when the times right, develop it into a commercial premises. With a growing community and Koroit's demand for retail, office space & high density residential or short-term accommodation this property is ready for you.
Koroit has it all! Primary schools, pharmacy, supermarket, pubs, sporting reserve, playgrounds, community! Be part of the growing rejuvenation of Koroit, close to Koroits popular pubs, brewery or restaurants. Furthermore; with only 10 minutes from the beautiful Killarney beach, Warrnambool & Port Fairy townships and Tower Hill reserve, there is only room for this town to prosper.
Please note: This property is currently leased at $500 p/w.
Call Jeremy to book an inspection.
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Property Details for 113 Commercial Rd, Koroit

113 Commercial Rd, Koroit is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1197m2 and floor size of 158m2. The place is currently for sale with Roberts One Real Estate - WARRNAMBOOL.

Building Type
House
Floor Size
158m2
Land Size
1197m2

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About Koroit 3282

The size of Koroit is approximately 42 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Koroit in 2011 was 1,957 people. By 2016 the population was 2,043 showing a population growth of 4.4% in the area during that time. The predominant age group in Koroit is 50-59 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a trades occupation. In 2011, 78% of the homes in Koroit were owner-occupied compared with 77.9% in 2016.

Koroit has 1,283 properties. Over the last 5 years, Houses in Koroit have seen a 58.88% increase in median value, while Units have seen a 32.64% increase. As at 30 November 2024:

  • The median value for Houses in Koroit is $598,923 while the median value for Units is $430,302.
  • Houses have a median rent of $540.
There are currently 24 properties listed for sale, and no properties listed for rent in Koroit on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Koroit.

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Jeremy Gleeson
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Roberts One Real Estate - WARRNAMBOOL
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